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Navigating the process of buying a new home in Iredell, TX while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Iredell, TX or getting it ready for the market.
Identify the new home you want to buy in Iredell, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Iredell, TX often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Iredell, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Iredell, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Iredell, TX do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Iredell, TX may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Iredell, TX provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Iredell, TX to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans offer individuals in Iredell, Texas, a flexible financing option to bridge the gap between buying a new home and selling their current one. This allows homeowners to avoid the stress of timing their transactions perfectly and move into their new property seamlessly. Iredell is a charming town in Texas with a population that consists mainly of families and retirees. The community is tight-knit, and residents enjoy a peaceful lifestyle surrounded by picturesque landscapes and a low crime rate. The housing market in Iredell is characterized by a mix of historic homes and newer developments. The median home price is affordable, making it an attractive location for first-time homebuyers. Additionally, the market is stable, with a steady appreciation in property values. Iredell offers a range of attractions for residents and visitors alike. From the historic downtown area with quaint shops and restaurants to outdoor recreational activities like hiking and fishing, there is something for everyone to enjoy in this vibrant town.
Bridge Loans in Iredell, Texas